DXY Retracement
It looks like the DXY has gained some momentum and this morning and has 'bounced' off the support point around 96.60. Looks like we could be due for a major retracement from yesterday's bearish momentum. Take the Fibonacci retracement illustrated to set some intermediate profit targets. A word of caution, however, that all eyes are on the FOMC minutes, so this will determine the action after 2PM.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.